NZD - BULLISH 1️⃣ The risk-on mood benefitted the NZD.
CHF - BEARISH 1️⃣ Stronger-than-expected US jobs data and the pandemic relief bill boosted prospects of the US economic recovery. 2️⃣ Expectations of a robust economic revival fueled by the rapid rollout of vaccines and additional fiscal spending raised investors’ appetite for riskier assets. 3️⃣ Positive risk tone weighing on the safe-haven CHF.
===== Technical =====
We are looking to buy the NZDCHF on the support + above SMA 50 on the H1 chart.
===== Risk to this trade =====
Any change in sentiment could turn the pair's direction.
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